Marathon Petroleum clears $1B in profit during Q2
Monday, August 5, 2019
Marathon Petroleum Corp.’s second-quarter profits were up almost 5% from a year ago, clearing $1 billion, according to The Massillon Independent.
The profit was equal to $1.66 per diluted share, according to a company press release. Additionally, the company’s midstream revenue was up 4 percent from the same quarter last year to $878 million, while revenue from the refining and marketing sector dropped 12 percent to $906 million.
Marathon owns a refinery in Canton and midstream assets in the Utica Shale.
Learn more: The Massillon Independent > Marathon Petroleum posts $1B profit
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